Frontier Group price target raised to $7 from $5 at Deutsche Bank

Deutsche Bank analyst Michael Linenberg raised the firm’s price target on Frontier Group to $7 from $5 and keeps a Hold rating on the shares. The company turned a corner by targeting significant margin expansion, the analyst tells investors in a research note. The firm, however, is taking a “wait-and-see” approach to how the company’s new route simplification strategy performs. Should Frontier continue to successfully execute its growth and operational plan, there is upside risk to 2024 and 2025 estimates, says Deutsche.